EV Leasing Firm Electrifi Secures ₹250 Million Funding from ADB
Commercial electric vehicle (EV) leasing and asset management company Electrifi Mobility secured ₹250 million (~$3.02 million) in seed-stage funding led by Asian Development Bank (ADB) Ventures, AdvantEdge Founders and others. The funding will help Electrifi scale up asset deployment, expand…
Government Announces an Ambitious Plan to Bolster the EV ecosystem
In a transformative move towards sustainable transportation, Union Minister for Finance & Corporate Affairs, Smt. Nirmala Sitharaman announced an ambitious plan to bolster the electric vehicle (EV) ecosystem while presenting the Interim Budget 2024-25 in Parliament today. This strategic initiative…
Attron Automotive to Revolutionize the EV Industry with Their Cutting-Edge Motors
Attron Automotive, a dynamic startup poised to revolutionize the electric vehicle (EV) industry, today announced the launch of its cutting-edge electric motors and controllers at the Bharat Mobility Expo 2024. The unveiling was done by Shri Arvind Kumar, Director General,…
Kaixin Auto Holdings Announces Partnership with DeepBlue AI Technology to Develop AI EVs
Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN), a leading new energy vehicle manufacturer and sales platform in China, today announced that it has reached strategic cooperation intention with DeepBlue Artificial Intelligence Technology Company (“DeepBlue AI Technology”). Both have…
responsAbility to Invest $25 Million in BluSmart for EV Infra Expansion
responsAbility has announced that it will invest up to $25 million in BluSmart. In a press release, responsAbility said this investment will bolster BluSmart’s position as India’s premier EV ride-hailing service and EV charging infrastructure network. The capital injection is…
Bharat Mobility Expo – Honda Benly e: Electric Scooter Unveiled With Battery Swapping Technology
Honda 2 Wheeler India has unveiled its first electric two-wheeler in the Indian market, showing off the Benly e electric scooter at the Bharat Mobility Expo 2024. The Honda Benly e electric scooter, which has been seen testing in Bengaluru,…
PwC Analysis Shows German Electric Vehicles Gaining Momentum in China
According to an analysis by consulting firm PwC, German car manufacturers have made up ground on the world’s electric car markets. In China, their largest sales market, they sold 49% more e-cars last year than in the previous year, growing…
Ather Energy Selects Siemens Xcelerator Portfolio to Speed Development of Electric Mobility Solutions
Siemens Digital Industries Software announced today that Ather Energy, one of India’s foremost electric motorcycle brands, has expanded its adoption of the Siemens Xcelerator portfolio of industry software to help the company reduce its design and engineering cycle time, improve…
Servotech Power, BPCL to Set up 1,800 EV Charging Stations Pan India
Servotech Power Systems Ltd (SPSL) on Tuesday said it has secured an order worth Rs 120 crore from Bharat Petroleum Corporation Limited (BPCL) to install 1,800 fast EV charging stations across various locations in India. The project involves two charger…
China’s BYD and US EV Rival Tesla Gain Favour with Norway’s US$1.5 Trillion Wealth Fund
Norway’s US$1.5 trillion wealth fund boosted its holdings in Tesla and Chinese electric vehicle leader BYD in 2023 as the companies scaled up production of plug-in cars. Tesla moved up to the fund’s 11th biggest holding at the end of…
